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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.022%
Price spread now: KuCoin against gTrade (Gains Network)−0.001%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Long on gTrade (Gains Network)Short on KuCoin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.031%+$3 on $10k
Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.001%, 7d avg −0.012%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,778.1L +0.0006% / S −0.0006%pay 0.0001% / 1h37m 57s$22.4M—200x
ShortKuCoin ETHUSDTM2,778.10.0089get 0.0089% / 8h37m 57s$422.4M$740.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$17.39
Price spread: −0.001% → −0.012%
$1.15
Slippage, 4 orders
−$1.23
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1.69
Costs to cover
0.202%
Break-even
7.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 1 min ago0.52 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,454
Sell KuCoin live order book, 6 min ago0.02 bp6.1 bp −$68.1 bp −$8111.3 bp −$1,133doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,777.7−0.014%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,777.9−0.007%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.137%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.2+0.004%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0075%1h2,779.6+0.055%$8.9M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,778.3+0.008%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,777.8−0.012%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,780.9+0.101%$880K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0005%1h2,780.6+0.090%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0006% / S −0.0006%1h2,778.1long leg$22.4M—200x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0017%8h2,778.2+0.002%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,777.8−0.012%$1.70B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,778.10.000%$12.9M—200xas long as short
Phemex ETHUSDT+0.0028%8h2,777.7−0.013%$270.8M$68.9M150xas long as short
Aster ETHUSDT+0.0039%8h2,777.9−0.008%$257.1M$1.00B200xas long as short
Bullet ETH-USD+0.0052%1h2,777.6−0.018%$183K$1.7M20xas long as short
SoDEX ETH-USD+0.0062%1h2,777.6−0.018%$55.3M$229.1M40xas long as short
Aevo ETH-PERP+0.0064%1h2,775.3−0.100%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0066%8h2,777.9−0.008%$6.47B$17.32B150xas long as short
MEXC ETH_USDT+0.0067%8h2,777.1−0.036%$1.60B$2.64B500xas long as short
Bitget ETHUSDT+0.0067%8h2,778.10.000%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0071%8h2,778.2+0.005%$3.30B$9.63B200xas long as short
Deribit ETH-PERPETUAL+0.0081%1h2,779+0.032%$259.0M$223.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,778.9+0.030%$60.1M$4.61B50xas long as short
KuCoin ETHUSDTMshort+0.0089%8h2,778.1−0.001%$422.4M$740.9M100x
Bybit ETHUSDT+0.0091%8h2,778−0.004%$2.51B$4.64B150xas long as short
HTX ETH-USDT+0.0093%8h2,777.5−0.021%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0095%1h2,778.4+0.010%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,778.5+0.014%$116.0M$497.1M50xas long as short
Lighter RH ETH+0.0096%1h2,779.8+0.060%$25.4M$121.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.5−0.021%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,777−0.040%$16.0M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.10.000%$478K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,778.4+0.011%$14.4M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.8+0.097%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,777.5−0.021%$31.2M$310.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.2−0.068%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,779+0.033%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.008%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778.4+0.011%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,780.2+0.076%$147.6M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,779.1+0.035%$182.4M$783.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,780.2+0.077%$161.6M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,778.7+0.022%$21.5M$58.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.9+0.029%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.7+0.022%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.9+0.063%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.5−0.059%$973K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,777.4−0.023%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0120%8h2,778.4+0.011%$8.3M$684.8M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,779+0.034%$86.6M$333.9M100xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,780.1+0.072%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0187%8h2,776−0.077%$286.4M$194.5M150xas long as short
Reya ETHRUSDPERP+0.0200%1h2,778−0.004%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,778.3+0.009%$253K$1.6M20xas long as short